Not sure what made me think of this but I'm curious...
goose
Own, Rent or Squat?
Do members of the War Room...
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Just bought my dream house with 20% down last year. From teen mom to trashiest person in the boujee neighborhood… 🎵hey look ma I made it🎵
Best feeling ever ain’t it?
This is awesome on so many levels!!!
In this economy? I’m getting priced out of the housing market faster than I can save.
Where live you?
Ontario, Canada
Bruh! I’m moving to the 6 in December
Yeah, we’re fucked lol
It was fucked tbh. I met my realtors in August. Prices appreciated 6% between now and then. I live in Van now which is even more expensive, and I make “good money” and I still had to save like every penny. I put 8% down lol
Congrats. I hope everyone defaults on their mortages so I can scoop something up for a semi reasonable price 🤞 lol just playing
Cruel. V cruel. I dig the vibe. I negotiated severance, and every month I’m able to put away a ton, so I should be relatively stable by about March.
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But hey, I hope you get someone else’s foreclosure
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But hey, I hope you get someone else’s foreclosure
I know what you mean @CadenceCombat . Waiting for that crash
Nah man speak *your truth.*
The more defaults the better for my portfolio :)
The more defaults the better for my portfolio :)
I hear the housing market is bubbling again...
Rent.
Samesies Grizz.
It’s spensive
Rent in what part of the country though 👀
Rome
Own and was able to move into our new place this year. Did a custom build and lucked out by signing our contract before the housing/lumber market got stupid. Also able to sell our old house when the market was in the height of stupidity here and had it sold in under 24 hours.
I live in the Bay Area and the thought of having a mortgage here scares the crap out of me. WFH does present some interesting opportunities though.
I'm curious to see how this plays out. I know a lot of people that were able to change jobs during the pandemic due to work from home even though home is in a different state. I wonder if that will change at some point. I'm guessing WFH is great for employees but not ideal for some employers.
The Bay is fricken crazy. We almost dove in and bought a month ago. Then I actually ran the numbers and realized I would end up paying other people/organizations/bank more money in the short term then if I rented...
I think building equity in the Bay is the biggest joke ever.
I think building equity in the Bay is the biggest joke ever.
Seriously though. I was in the same boat, realized I’d build more equity by saving 3-4k/month and just renting. Especially when you look at 3BR houses with decent schools, renting is just disproportionately cheaper than buying at this time in the Bay Area.
It's pretty fricken unbelievable... It'll cost you almost double the purchase price after 30 years if you don't have 40% down. Fuckin insane
I live at home and invest in crypto/save money and help around the house. It's been a great year for my savings account.
Super jelly. Good for you, ride that wave as long as possible. Never got along with my parents so I moved out at 19. If I’d lived at home 5 more years I’d be a straight up millionaire rn
Bought a house last year and hope to never go back. My mortgage and expenses are less than I was paying for rent in SF.
My expenses are definitely higher owning. And if I rent out it’s negative cash flow no matter what, but that doesn’t account for equity and appreciation. That’s where the real value is.
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If you own in a geo-stable, safe, resource-rich metropolitan, property value will never go down, no matter what happens to the economy/banks.
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The safest investment you can make, though low yield. Housing is cool because you can build wealth just by existing.
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If you own in a geo-stable, safe, resource-rich metropolitan, property value will never go down, no matter what happens to the economy/banks.
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The safest investment you can make, though low yield. Housing is cool because you can build wealth just by existing.
Rent.. Google Toronto housing market/prices (if you want to be shocked)
Looking to buy something like an hour away now that remote/hybrid is here to stay
Looking to buy something like an hour away now that remote/hybrid is here to stay
But house hunters says you can be a butterfly sculptor and have a 1.2M budget!?
House Hunters kills me omg.
I’m a Interpretive Dance Therapist and he’s unemployed. We need a six bedroom four bathroom house for the two of us and plenty of space for playing soccer and bungee jumping. The walls MUST be blue already, we don’t want to do any renos. We’d like a bustling city neighborhood but it needs to be on 10 acres and extremely quiet. We’d like to live in Manhattan though and we won’t budge on that. Our budget is 100k.
I’m a Interpretive Dance Therapist and he’s unemployed. We need a six bedroom four bathroom house for the two of us and plenty of space for playing soccer and bungee jumping. The walls MUST be blue already, we don’t want to do any renos. We’d like a bustling city neighborhood but it needs to be on 10 acres and extremely quiet. We’d like to live in Manhattan though and we won’t budge on that. Our budget is 100k.
I haven’t had cable in 2 years
I haven’t had it as an adult ever. Doesn’t stop me from watching it in hotel rooms or in airBnBs tho.
I didn’t know they broadcasted in Fiji
You can get service anywhere if you’re willing to pay for it.
That’s sounds like an indecent proposition
Maybe it was. Or maybe I’m just talking about getting BBQ delivered to my beach chair. Who knows. Crazy world, lotta propositions.
It wasn’t, but I still enjoyed the phrasing. Aren’t your ass cheeks sunburnt? Chairs sound painful.
Stop dreaming about my ass cheeks or I'll call HR.
Call HR, I’ll dream about whatever I want
Fuck around and find out. brb siccing Debbie on you.
Challenge(s) accepted.
Man you won’t believe what I just paid for 600sq ft on the lakefront. I don’t even believe it
It's utter madness.... I'm sure you got a sweet spot though!!
I enjoy owning my house. It definitely gets more expensive than you think.
Less than 20% and you're paying PMI too lol
Less than 20% and you're paying PMI too lol
40 votes in and we are split 50/50. Very interesting.
Looking to buy this spring, please send thoughts, prayers and any contributions my way. 😂
Where you lookin?
I have an investment property I rent out. I also just bought my 2nd place which I’m moving into in a month… so 2 mortgages, but one basically pays itself.
I see some people buying a property to rent before their own primary residence. You have my attention.
Makes perfect sense. The place I own puts me at about $150 a month negative cash flow. In exchange my tenant pays into a mortgage that gives me about $900 in equity per month + appreciation on the asset.
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My new place in Toronto has similar economics. I’ll only live there for 1-2 years before renting it. After that I may rent somewhere else in the city or go work remote in Mexico or similar. By the time I rent it, I should own 3-5 additional units.
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Easiest way to build compounding wealth.
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My new place in Toronto has similar economics. I’ll only live there for 1-2 years before renting it. After that I may rent somewhere else in the city or go work remote in Mexico or similar. By the time I rent it, I should own 3-5 additional units.
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Easiest way to build compounding wealth.
Recently bought my first house. Obviously having a massive mortgage isn't like... GREAT.... but owning your own space is pretty awesome. I can do whatever tf I want to this house and don't have anyone to run it by. Re-did all the shitty landscaping over the summer for example and feel so good when people look at it like "yeah bitch this is all mine!"
Tbh, secured debt has never been a cause of stress for me.
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It’s secured, that’s the point. In the worst of worst cases, you liquidate the asset and pay your bills.
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The difference is, 99% of metropolitan property value goes up, so you always get more than you put in. You have options and the ability to rent it and get someone else to pay it. You profit on the appreciation, and pay “rent” into your own pocket, not someone else’s.
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Plus, as you gain financial momentum, you’re not living in a world where you have to buy at 100% cash value. You can multiple asset acquisition 5x because of the loan/mortgage system.
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The KEY is and always will be to keep your skill set sharp at and be valuable in the marketplace.
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If we had a recession tmrw and I lost my job, I could go take a commission only job and still dominate. It wouldn’t be fun, but I’d stay afloat and that’s what matters. Come out the other side 1000% better off than most, and almost nobody has the kind of career where they can say that.
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It’s secured, that’s the point. In the worst of worst cases, you liquidate the asset and pay your bills.
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The difference is, 99% of metropolitan property value goes up, so you always get more than you put in. You have options and the ability to rent it and get someone else to pay it. You profit on the appreciation, and pay “rent” into your own pocket, not someone else’s.
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Plus, as you gain financial momentum, you’re not living in a world where you have to buy at 100% cash value. You can multiple asset acquisition 5x because of the loan/mortgage system.
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The KEY is and always will be to keep your skill set sharp at and be valuable in the marketplace.
.
If we had a recession tmrw and I lost my job, I could go take a commission only job and still dominate. It wouldn’t be fun, but I’d stay afloat and that’s what matters. Come out the other side 1000% better off than most, and almost nobody has the kind of career where they can say that.
When you paint a bright future things always work out. When you get more conservative then things tend to get tighter.
Own my house and my property taxes are nuts. luckily I do not pay a PMI but I do have to pay flood insurance so it kind of evens out.
Live with my parents, used to rent, but own rental property ... hard to categorize me haha
I want to get started saving up for a mortgage, only if the right plot of land shows itself.
Patience is a virtue
Squatter gang lmao
Nothing wrong with living at home. Unless you are playing xbox all day. Then you need to go.
I meant actual squatting which I’ve done hahahaha
Will be an owner. Building right now. Prices are crazy though
I live with my parents, but last year I had the options of renting vs owning and I definitely tried to own. Turkish housing market sucks, so I couldn't get an apartment but instead a brand new, 0 km car, but paying just a bit more than rent to own my own house in 10 years makes a lot more sense to me.
We own our home and several other peoples' homes as well.
This gave me the douche chills
Better grab a jacket
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